Tag: money and finance
Increasingly Reliable, QRIS and BI-Fast Transactions Surge Throughout 2024
The convenience of making payments in Indonesia has reached new heights with QRIS and BI-Fast. Bank Indonesia (BI) has reported a significant surge in...
Indonesia Ranks Seventh in Global IPO Activity by Q3 2024
Indonesia's capital market continues to shine, with 34 companies conducting initial public offerings (IPOs) by the third quarter of 2024. This achievement places Indonesia...
QRIS Helps Reduce Counterfeit Money Fraud
As Indonesia embraces rapid digitalization, QRIS (Quick Response Code Indonesian Standard) is proving to be a game-changer in financial transactions, offering a robust solution...
Banks in Indonesia Close 12,227 ATMs, Indicating Rapid Digitalization and Efficiency
In an era where digitalization permeates every aspect of life, banking sector in Indonesia is no exception. Over the past five years, the number...
De-dollarization Continues, Cross-Border LCT Transactions Surge by Over 100%
In a bid to lessen reliance on the US dollar (de-dollarization), Indonesia is ramping up efforts in Local Currency Transactions (LCT). The latest data...
Rupiah Falls to Rp16,000 Against Dollar, Bank Indonesia Ensures to Steady...
Following the post-Eid holiday period, the Indonesian rupiah has taken a sharp nosedive, breaching the critical level of Rp16,000 against the US dollar. This...
Observing the Policy Direction of Bank Indonesia This Year
Bank Indonesia (BI) has just presented its policy direction views this year. According to Bank Indonesia Governor, Perry Warjiyo, the overall policy direction will...
Bank Credit Gets Better, Business Sector Rises
After a brief vacuum due to the Covid-19 pandemic, now the business and industrial sectors are starting to rise. The business world performance assesses...
If Inflation Rises, Benchmark Interest Rates Will Also Rise
Bank Indonesia has signaled an increase in the benchmark interest rate or the BI 7-day reverse repo rate (BI7DRRR). BI has hinted that they...
Value Added Tax (PPn) Will Rise, When Does It Take Effect?
The Law on the Harmonization of Tax Regulations (UU HPP) was enacted on October 29, 2021, ago. However, not all of the provisions in...
